NOT LISTED FOR SALE

128 Rainbow Ln Black Mountain, NC 28711

Estimated Value: $438,000 - $561,000

3 Beds
2.5 Baths
1,611 Sq Ft
$325/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $439,000 $273 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,112/month

39 Days on Market

Highlights

  • Arts and Crafts Architecture
  • No HOA
  • 2 Car Attached Garage
  • Wood Flooring
  • Covered Patio or Porch
  • Breakfast Bar

About This Home

As of February 2023

Listen to the birds chirp and watch the bears frolic in the yard of this adorable 1.5 story home. Conveniently located about a mile from the heart of downtown Black Mountain in an established neighborhood. Enjoy having the primary bedroom with step-in shower on the main level. Eat breakfast at the kitchen island with the sun streaming through the double windows and screen door that leads out to a low deck, shed, and grill pad. The wood floors that cover the main level will take your breath away, and you can easily take them all in with the open floor plan. Wander upstairs to the additional two bedrooms that are perfect for full-time living, guest rooms, or office space. You won't have to get wet going to the car in the morning, either, with the two car garage. You don't want to miss this home!! Agent is related to seller. New MLS because agent changed firms.

Last Agent to Sell the Property

Celia Trivette

Town and Mountain Realty License #333495 Listed on: 12/21/2022

Last Buyer's Agent

Amy Hathaway

George Real Estate Group Inc License #342512

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,118

Year Built

  • Built in 2015

Lot Details

  • 6,098 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot
  • Level Lot
  • Property is zoned R-10

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Arts and Crafts Architecture
  • Vinyl Siding

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Convection Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Black Mountain Elementary School
  • Charles D Owen Middle School
  • Charles D Owen High School

Utilities

  • Heat Pump System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 061959811900000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,118

Year Built

Built in 2015

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts
  • Year Built: 2015
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One and One Half
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 272.50
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Wood
  • Interior Amenities: Breakfast Bar, Cable Prewire, Kitchen Island
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 987
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 478
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 478
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 624
  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 1611
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1611
  • Bedroom Main: 1
  • Room Count: 8

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Fenced
  • View: Long Range, Winter
  • Construction Type: Vinyl
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room, Main Level
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Ceiling Fan(s), Heat Pump
  • Utilities: Cable Available, Gas
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Paved
  • Lot Size Area: 0.14
  • Lot Size Units: Acres
  • Parcel Number: 061959811900000
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-10

MLS Schools

  • Elementary School: Black Mountain
  • High School: Charles D Owen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2022
Closed on
Feb 28, 2023
Sold by
Roper Stephen Martin
Bought by
Mcpeak Mark A and Mcpeak Diana L
Seller's Agent
Celia Trivette
Town and Mountain Realty
Buyer's Agent
Amy Hathaway
George Real Estate Group Inc
List Price
$459,000
Sold Price
$439,000
Premium/Discount to List
-$20,000
-4.36%
Views
132
Current Estimated Value
$524,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,304
Avg. Annual Appreciation
7.33%
Original Mortgage
$256,400
Outstanding Balance
$247,717
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$276,587

Purchase Details

Listed on
May 18, 2020
Closed on
Jun 10, 2020
Sold by
Mattson Theodore R and Mattson Margaret S
Bought by
Roper Stephen Martin
Seller's Agent
Chloe Knight
Allen Tate/Beverly-Hanks Freestone Properties
Buyer's Agent
Amy Crowder
Looking Glass Realty AVL LLC
List Price
$319,000
Sold Price
$299,000
Premium/Discount to List
-$20,000
-6.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.47%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcpeak Mark A $439,000 --
Mcpeak Mark A $439,000 None Listed On Document
Roper Stephen Martin $299,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcpeak Mark A $95,600
Open Mcpeak Mark A $256,400
Closed Mcpeak Mark A $256,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $439,000 0.0% $273 / Sq Ft
01/29/2023 01/29/23 Pending -- -- --
01/24/2023 01/24/23 Price Changed $439,000 -4.4% $273 / Sq Ft
12/21/2022 12/21/22 For Sale $459,000 +53.5% $285 / Sq Ft
06/29/2020 06/29/20 Sold $299,000 -6.3% $186 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $319,000 -- $198 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,118 $355,900 $37,600 $318,300
2023 $3,118 $355,900 $37,600 $318,300
2022 $2,496 $314,400 $0 $0
2021 $2,496 $314,400 $0 $0
2020 $1,938 $225,000 $0 $0
2019 $1,938 $225,000 $0 $0
2018 $1,938 $225,000 $0 $0
2017 $0 $211,200 $0 $0
2016 $2,068 $211,200 $0 $0
2015 $409 $41,800 $0 $0
2014 $409 $41,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3930633

Canopy MLS (Canopy Realtor® Association)

APN: 0619-59-8119-00000